Permian Labs, the team behind the USD.AI protocol, has announced an investment from Coinbase Ventures. While the investment amount remains undisclosed, this backing highlights the growing interest in USD.AI's innovative approach to on-chain credit systems. USD.AI connects decentralized liquidity with real-world financing through GPU infrastructure supporting artificial intelligence.
The USD.AI protocol, developed and maintained by Permian Labs, focuses on facilitating on-chain secured lending using verifiable productive assets as collateral. It issues the stablecoin USDai and the yield-generating sUSDai, which are central to its operations.
Permian Labs Secures Investment from Coinbase Ventures for USD.AI
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